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ONGC will drill 87 deepwater and ultradeep water wells by March 2031. It is targeting eight deep waterwells in FY27 and ten deep water wells in FY28.
On a standalone basis, ONGC’s crude oil net realisation from nominated fields rose by 50.4 per cent y-o-y to $99.45 per barrel in Q1 FY27
State explorer seeks global rig-broking consultant to identify assets and partners under Mission Samudra Manthan
State‑owned Oil and Natural Gas Corporation has secured a licence from the United States Treasury’s Office of Foreign Assets Control, enabling it to resume full operations in Venez...
The U.S. approval removes a key hurdle for ONGC's Venezuelan investments and could pave the way for the state-run explorer to expand production
OFAC clearance keeps ONGC Videsh's Venezuela operations on track; capex plans hinge on framework agreement with Caracas.
MUSCAT: Oman India Fertiliser Company (OMIFCO) is engaged in intensive discussions with Integrated Gas Company (IGC), the state-run exclusive aggregator and supplier of natural gas...
The scheme will be led by state-run exploration and production majors — ONGC and Oil India (OIL)
MUSCAT: Oman India Fertiliser Company (OMIFCO), which recently completed one of the largest initial public offerings (IPOs) on the Muscat Stock Exchange (MSX), has confirmed that i...
The ongoing selection process has drawn significant attention due to key modifications in the eligibility criteria. The government introduced a one-off relaxation in the upper age...
The upcoming Mangaluru facility will have a total storage capacity of 1.75 million tonnes, with half of it reserved as strategic petroleum reserves (SPR). The project is being full...
We look at the prospects of KPIT Technologies and three other stocks – ONGC, Indraprastha Medical Corporation and Everest Kanto Cylinder
The government constitutes the ECS from time to time for resolving issues related to the E&P sector
Omani state upstream firm OQEP generated bumper profits last quarter thanks to higher oil prices.
Adnoc’s XRG and Qatari-Syrian firm UCC Holding have joined BP to develop the 4tcf Loran Phase 2 license offshore Venezuela. The deal expands...
Leveraging the funding boost, the Ministry eyes higher oil and gas production in the Deep and Ultra Deep waters.
State-owned Garden Reach Shipbuilders & Engineers Ltd has emerged as the lowest bidder in a landmark commercial shipbuilding tender floated by Oil and Natural Gas Corporati...
MUSCAT, SEPT 1 OQ Exploration & Production (OQEP), the upstream arm of Oman’s OQ Group, is finalising several new domestic investments that are expected to be signed during the...
India has unveiled a massive ₹80,000 crore war chest under the Samudra Manthan program to finally crack deep water oil exploration, offering to fund up to half the cost of wells th...
Inox Wind shares rose nearly 2% after securing a ₹755-crore, 100 MW turnkey order from Indian Oil Corporation. The project includes turbine supply, EPC, execution and 10-year O&...
The Union Cabinet approved the ₹84,084-crore Samudra Manthan National Offshore Exploration Scheme, under which the government will fund half of the the cost of drilling a deep-sea...
Indian Oil Corporation, Bharat Petroleum Corporation and Hindustan Petroleum Corporation cumulatively incurred under recovery of over Rs ₹51,000 crore as of June 30, 2026
BUSINESS REPORTERMuscat, AUGUST 31Bank Muscat, the leading financial services provider in the Sultanate of Oman, has successfully advised on the landmark IPO of Oman India Fertilis...
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